The Odds are in Favor of the Greenback

The Greenback is experiencing gains against most of it rivalries, especially those of high-risk, due to negative, fundamental global news and positive US financial reports and indicators. As FOMC released its minutes today, the US Dollar harnessed its past weeks' momentum against the Euro and also recovered from recent losses against the safe haven yen. Indication of positive economic growth and economic recovery conveyed in the FOMC minutes are encouraging further confidence in the greenback and for its investors.

Forex traders choosing to take advantage of the Greenback's increasing odds can place their bets via Bet355, an established global trading entity that offers betting on the Dollar against its rivals along with countless options of opportunistic profits.

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1. Choose the underlying asset in which you wish to invest
2. Decide whether the underlying asset will rise or fall below its price at the time of trade
3. Select an amount to invest

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The EUR/USD has fallen below the 1.3300 level in accordance to the positive reaction to the FOMC meeting minutes which were reported on April 3, 2012. The Euro fell against the Greenback about 100 pips minutes after the FOMC meeting minutes were released depicting a strengthening US economy recovery. The rivaling pair decreased to 1.3240 which surpassed recent weeks' lows. The resistance level for the pair is set at 1.3380 while the upward limit is set at 1.3400. The support for the pair is established at the range of 1.3130 to 1.3184.

As the US economy continues to strengthen, the US Dollar coincide continues its past weeks' trend upward against the Euro. Bet355 offers traders to bet against the currency that strategists are currently predicting to decline even further as further reports are expected to deliver favorable indications of a healthy US economy.